RJK Announces Private Placement
RJK Explorations (TSXV: RJX.A) has announced a non-brokered private placement to raise up to $350,000. The offering consists of units priced at $0.035 each, comprising one common share and one warrant. Each warrant allows the holder to acquire an additional common share at $0.07 within five years. Insiders are expected to contribute $130,000 to the offering.
The company plans to allocate 70% of the proceeds for diamond drilling of potential kimberlite, base, and precious metal targets, with the remaining 30% for general working capital. The offering is subject to TSX Venture Exchange approval and may close in multiple tranches. Securities issued will have a four-month and one-day hold period.
RJK Explorations (TSXV: RJX.A) ha annunciato un collocamento privato non intermediato per raccogliere fino a $350.000. L'offerta consiste in unità prezzate a $0,035 ciascuna, comprendenti una azione comune e un warrant. Ogni warrant consente al detentore di acquisire un'ulteriore azione comune a $0,07 entro cinque anni. Si prevede che gli insider contribuiranno con $130.000 all'offerta.
La società prevede di destinare il 70% dei proventi alla perforazione di diamanti di potenziali obiettivi di kimberlite, metalli di base e preziosi, mentre il restante 30% sarà destinato al capitale circolante generale. L'offerta è soggetta all'approvazione della Borsa di Toronto e potrebbe chiudere in più tranche. I titoli emessi avranno un periodo di blocco di quattro mesi e un giorno.
RJK Explorations (TSXV: RJX.A) ha anunciado un colocación privada no intermediada para recaudar hasta $350,000. La oferta consiste en unidades con un precio de $0.035 cada una, que comprenden una acción común y un warrant. Cada warrant permite al titular adquirir una acción común adicional a $0.07 dentro de cinco años. Se espera que los insiders contribuyan con $130,000 a la oferta.
La empresa planea destinar el 70% de los ingresos a la perforación de diamantes de posibles objetivos de kimberlita, metales básicos y preciosos, mientras que el 30% restante se destinará al capital de trabajo general. La oferta está sujeta a la aprobación de la Bolsa de Valores de Toronto y puede cerrarse en múltiples tramos. Los valores emitidos tendrán un período de retención de cuatro meses y un día.
RJK Explorations (TSXV: RJX.A)는 최대 $350,000을 모금하기 위한 중개인 없는 사모 배치를 발표했습니다. 이 제안은 각각 $0.035인 가격의 단위로 구성되며, 하나의 보통주와 하나의 워런트로 이루어져 있습니다. 각 워런트는 보유자가 추가로 보통주를 $0.07에 매수할 수 있도록 합니다. 내부자들은 $130,000을 기여할 것으로 예상됩니다.
회사는 수익금의 70%를 잠재적인 킴벌라이트, 기초 및 귀금속 목표를 위한 다이아몬드 시추에 할당할 계획이며, 나머지 30%는 일반 운영 자본으로 사용할 것입니다. 이 제안은 TSX 벤처 거래소의 승인을 받아야 하며 여러 차례로 종료될 수 있습니다. 발행된 증권은 4개월 1일의 보유 기간이 있습니다.
RJK Explorations (TSXV: RJX.A) a annoncé un placement privé non intermédié pour lever jusqu'à 350 000 $. L'offre se compose d'unités au prix de 0,035 $ chacune, comprenant une action ordinaire et un warrant. Chaque warrant permet au titulaire d'acquérir une action ordinaire supplémentaire au prix de 0,07 $ dans les cinq ans. On s'attend à ce que les initiés contribuent à hauteur de 130 000 $ à l'offre.
L'entreprise prévoit d'allouer 70 % des produits à des forages de diamants sur des cibles potentielles de kimberlite, de métaux de base et précieux, tandis que les 30 % restants seront consacrés au fonds de roulement général. L'offre est soumise à l'approbation de la Bourse de Toronto et pourrait se clôturer en plusieurs tranches. Les titres émis auront une période de blocage de quatre mois et un jour.
RJK Explorations (TSXV: RJX.A) hat eine nicht vermittelte Privatplatzierung angekündigt, um bis zu 350.000 $ zu sammeln. Das Angebot besteht aus Einheiten, die jeweils 0,035 $ kosten und eine Stammaktie sowie einen Warrant umfassen. Jeder Warrant ermöglicht es dem Inhaber, innerhalb von fünf Jahren eine zusätzliche Stammaktie zu einem Preis von 0,07 $ zu erwerben. Es wird erwartet, dass Insider 130.000 $ zu dem Angebot beitragen.
Das Unternehmen plant, 70 % der Erlöse für Diamantbohrungen potenzieller Kimberlit-, Basis- und Edelmetallziele zu verwenden, während die verbleibenden 30 % für das allgemeine Betriebskapital bestimmt sind. Das Angebot unterliegt der Genehmigung der TSX Venture Exchange und kann in mehreren Tranchen geschlossen werden. Die ausgegebenen Wertpapiere haben eine Haltefrist von vier Monaten und einem Tag.
- Potential to raise up to $350,000 in capital
- 70% of proceeds allocated for diamond drilling, potentially advancing exploration efforts
- Insider participation of $130,000 indicates management confidence
- Dilution of existing shareholders due to issuance of new shares
- Warrants could lead to further dilution if exercised
Kirkland Lake, Ontario--(Newsfile Corp. - October 9, 2024) - RJK Explorations Ltd. (TSXV: RJX.A) ("RJK" or the "Company") announces the commencement of a non-brokered private placement for aggregate gross proceeds of up to
The Company plans to use the net proceeds raised from the sale of the Units for diamond drilling of potential kimberlite, base and precious metal targets (
The Offering is subject to customary closing conditions including, but not limited to, receipt of approval of the TSX Venture Exchange (the "TSX-V"). The closing of the Offering may occur in one or more tranches, and is not subject to receipt of a minimum amount of gross proceeds.
The securities issued under the offering will be subject to a four-month and one day hold period pursuant to applicable securities laws and pursuant to a TSX-V hold period.
The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.
Contact Information
Glenn Kasner, CEO
Mobile: (705) 568-7567
Email: info@rjkexplorations.com
Web Site: https://www.rjkexplorations.com
Company Information: Tel: (705) 568-7455
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Information
This news release includes certain forward-looking statements, which may include, but are not limited to, statements concerning the Offering generally, the proposed use of the proceeds, and the TSXV's final approval of the Offering. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking, including those identified by the expressions "will", "anticipate", "believe", "plan", "estimate", "expect", "intend", "propose" and similar expressions. With respect to forward-looking statements and information contained herein, we have made numerous assumptions, including assumptions about the receipt of final acceptance by the TSX Venture Exchange and the state of the equity markets. Forward-looking statements involve known and unknown risks and uncertainties that could cause actual results, performance, or achievements to differ materially from those expressed or implied in this news release. Factors that could cause actual results to differ materially from those anticipated in this news release include, but are not limited to, the Company's failure to receive final approval from the TSXV in connection with the Offering. RJK assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those reflected in the forward-looking statements except as required by applicable law.
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/226162
FAQ
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